Eve & Co Signs LOI For Use of Girls’ Night Out Brand for Cannabis Beverages

Eve & Co Incorporated (TSXV: EVE) announced this morning that it will be entering the cannabis beverage space. The female-focused firm will be doing so via a partnership with that of Colio Estate Wines, the firm behind the Girls Night Out line of wine products.

Under the letter of intent signed between the two firms, Eve & Co will have exclusive access to the Girls Night Out brand for the purpose of creating a premium cannabis-infused beverage. The product will then be part of Eve & Co’s consumer packaged good launch which is anticipated to occur in early 2020.

The letter of intent indicates that a licensing agreement will be entered into among Eve & Co and Colio Estate Wines within 60 days for the use of the Girls Night Out label. Preliminary terms indicated to be within the LOI are a five year term, with a five year renewal option. Royalty fees have been “contemplated” however no specifics were provided.

Distribution of the cannabis infused beverage is expected to occur in 2020.

Eve & Co last traded at $0.18 on the TSX Venture.


Information for this briefing was found via Sedar and Eve & Co Incorporated. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Antimony Resources Drills 5.27% Sb Over 4.95 Metres In Latest Results

Nord Precious Metals Identifies 29 Veins At Castle East Following 3D Modeling

Related News

Eve & Co Sends First “Significant” Shipment Of Cannabis To Germany, Provides Little Color

Eve & Co Incorporated (TSXV: EVE) this morning announced that it has completed its first...

Tuesday, November 10, 2020, 08:37:22 AM

Eve & Co Approves Share Consolidation, No Firm Date Set

Eve & Co Incorporated (TSXV: EVE) filed the results of its annual and special meeting...

Friday, June 26, 2020, 10:15:03 AM

Eve & Co Posts Declining Revenues of $0.45 Million for Second Quarter

Eve & Co Incorporated (TSXV: EVE) released its second quarter financials for the period ended...

Tuesday, August 20, 2019, 08:55:31 AM

Eve & Co Issues $550,000 Worth Of Convertible Debentures

Eve & Co (TSXV: EVE) has finally completed a financing that will enable it to...

Monday, December 14, 2020, 10:02:49 AM

Eve & Co Announces 10 To 1 Share Consolidation

Eve & Co Incorporated (TSXV: EVE) has finally filed for its previously announced share consolidation...

Wednesday, December 30, 2020, 08:12:17 AM